Fundamental Payroll Certification Fundamental Payroll Year-End Processing and Reporting

Question 1

By what date must employers furnish Form W-2 to employees?

Accepted Answer

January 31

Answer

January 15

Answer

February 15

Answer

February 28

Question 2

Which copy of Form W-2 must be filed with the Social Security Administration?

Accepted Answer

Copy A

Answer

Copy B

Answer

Copy C

Answer

Copy D

Question 3

What does Code D in Box 12 of Form W-2 represent?

Accepted Answer

Elective deferrals to a 401(k) plan

Answer

Elective deferrals to a SIMPLE IRA

Answer

Contributions to a 403(b) plan

Answer

Contributions to a SEP-IRA

Question 4

What is the deadline for filing W-2 forms with the SSA, whether submitted on paper or electronically?

Accepted Answer

January 31

Answer

February 28

Answer

March 31

Answer

April 15

Question 5

Which form must accompany Copy A of W-2 forms when submitted to the Social Security Administration?

Accepted Answer

Form W-3

Answer

Form 941

Answer

Form 1099-MISC

Answer

Form W-4

Question 6

Which box on Form W-2 reports Social Security tips that employees reported to their employer during the year?

Accepted Answer

Box 7

Answer

Box 5

Answer

Box 8

Answer

Box 12

Question 7

If an employee has not received Form W-2 by February 15, what is the recommended course of action?

Accepted Answer

Contact the employer first, then the IRS if still unresolved

Answer

File a complaint immediately with the Department of Labor

Answer

Reconstruct wages using bank statements and file without a W-2

Answer

Request the employer to issue a W-2c immediately